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424 S 3rd St 11,682 SF Vacant Retail Building Bismarck, ND 58504 $1,500,000 ($128.40/SF)
Investment Highlights
- Mixed-use property featuring a restaurant, residential apartments, and additional leased rental spaces
- Downtown Mandan location with convenient access to Main Street and Interstate 94
- Established local restaurant with more than 28 years of operating history and a loyal customer base
Executive Summary
Rice Bowl presents an opportunity to acquire an established restaurant business together with the underlying real estate in downtown Mandan, North Dakota. Operating for more than 28 years, the second-generation family-owned restaurant has developed a loyal customer base and a long-standing presence within the local market. The offering includes 100% ownership of the business and real estate, creating a turnkey acquisition for an owner-operator or investor seeking an operating hospitality asset with additional income components.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,682 SF
Building Class
B
Year Built
1998
Price
$1,500,000
Price Per SF
$128.40
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.85 AC
Opportunity Zone
Yes
Zoning
DF - DF - Downtown Fringe
Parking
47 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Property Manager on Site
- Signage
- Enclosed Mall
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0640-003-010 | Improvements Assessment | $588,400 |
| Land Assessment | $234,500 | Total Assessment | $822,900 |
Property Taxes
Parcel Number
0640-003-010
Land Assessment
$234,500
Improvements Assessment
$588,400
Total Assessment
$822,900
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Contact the Sale Advisor
424 S 3rd St